Plug Power - PLUG Stock Forecast, Price & News

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Plug Power Trading Up 6.5 %

Shares of Plug Power stock opened at $29.54 on Monday. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of -27.10 and a beta of 1.78. The business has a 50-day moving average price of $18.96 and a 200-day moving average price of $21.33. The company has a quick ratio of 10.51, a current ratio of 9.10 and a debt-to-equity ratio of 0.12. Plug Power has a twelve month low of $12.70 and a twelve month high of $46.50.

Plug Power (NASDAQ:PLUG - Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The electronics maker reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The firm had revenue of $151.30 million for the quarter, compared to analysts' expectations of $162.31 million. Plug Power had a negative net margin of 105.26% and a negative return on equity of 13.73%. The company's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. Equities research analysts anticipate that Plug Power will post -0.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PLUG. JPMorgan Chase & Co. increased their price target on Plug Power from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 10th. Northland Securities began coverage on Plug Power in a report on Tuesday, August 2nd. They issued a "market perform" rating and a $25.00 target price on the stock. Wells Fargo & Company raised their target price on Plug Power from $19.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday. Citigroup raised their target price on Plug Power from $20.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Susquehanna raised their target price on Plug Power from $30.00 to $35.00 and gave the stock a "positive" rating in a report on Wednesday, August 10th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.48.